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Search Real Estate JobsWed, 08 Aug 2018 14:40:57 -0400en-UShourly1https://wordpress.org/?v=4.9.8Careers Building Communitieshttps://www.selectleaders.com/resources/careers-building-communities/
https://www.selectleaders.com/resources/careers-building-communities/#respondWed, 08 Aug 2018 14:40:26 +0000https://www.selectleaders.com/?p=6225Navigate through the scores of career paths across all sectors of real estate.
]]>https://www.selectleaders.com/resources/careers-building-communities/feed/0The Disaster Factorhttps://www.selectleaders.com/resources/the-disaster-factor/
https://www.selectleaders.com/resources/the-disaster-factor/#respondWed, 08 Aug 2018 08:00:15 +0000https://www.selectleaders.com/?p=6222The National Park Services estimates the impact, just on businesses, of the volcanic eruption on Big Island is $13 million, so far. The wildfires in California will affect the wine industry for 3 to 5 years, the amount of time it takes new vines to produce. But business is not local anymore. Yet, there is very little data on the effect of so many natural disasters on people willing to relocate, or online businesses. I happened to overhear a sales call where the tone changed abruptly as the HR Manager said she was home packing up her children to evacuate. That call gave new meaning to targeting locations. Our first concerns always are for the lives and homes lost, but if we start to realize how far-reaching the Disaster Factor really has on business, we might stop debating the cause and plan how to reduce the impact.
]]>https://www.selectleaders.com/resources/the-disaster-factor/feed/0Quiet Skieshttps://www.selectleaders.com/resources/quiet-skies/
https://www.selectleaders.com/resources/quiet-skies/#respondWed, 01 Aug 2018 08:00:19 +0000https://www.selectleaders.com/?p=6099Over the weekend the TSA’s cover was blown by the Boston Globe when it reported that ordinary citizens are being followed onto flights and observed by armed undercover US Marshalls as part of the TSA’s airline security mandate under the code name “Quiet Skies.”

According to the story, dozens of people are followed and observed each day, and remain on the list to be monitored for up to 90 days or three observed trips, whichever comes first.

Thousands of unsuspecting passengers have been followed and had Marshalls sitting with them on their journey.

On one level, there is absolutely nothing wrong with the Quiet Skies strategy. We have all seen creepy passengers board a flight and may have sensed that something is not quite right about them. If you look at it that way, surveillance is a good thing.

However, if the process steps over the line and privacy is infringed, it could raise a serious matter under the Constitution.

So, when you arrive at the airport and board a place, remember the checklist of what the Marshalls are looking for: abruptly changing direction while moving through the airport, sweating, trembling or blinking rapidly during the flight, using your cell phone, talking to other travelers or using the bathroom—among many other behaviors that are on the “suspicious list.”

]]>https://www.selectleaders.com/resources/quiet-skies/feed/0Greatest Economy Everhttps://www.selectleaders.com/resources/greatest-economy-ever/
https://www.selectleaders.com/resources/greatest-economy-ever/#respondWed, 01 Aug 2018 08:00:02 +0000https://www.selectleaders.com/?p=60962018 is approaching the scale of what was described as “the greatest global economy ever” – 2007. It now takes 48.6 views of a job before today’s “Buyers’ Market Candidates” submit one resume. At the height of 2007, it took 54 “views” before a candidate submitted one resume. But that does not mean we are headed for the Financial Crisis of 2008. NYT’s Sunday Business report on economist Laurence Ball’s book, “The Fed and Lehman Brothers” describes how the lender of last resort could have averted the Great Recession. Then poses the question, will the Fed be ready in the future. When Lehman fell, jobs fell from 1,000 to 35 on the SelectLeaders Real Estate Job Network, October 2008. Ball reminds us a central bank can rescue lenders, like the Bailey Building and Loan, in “It’s a Wonderful Life.” Hope the Fed’s life lesson is learned.
]]>https://www.selectleaders.com/resources/greatest-economy-ever/feed/0Stress That Killshttps://www.selectleaders.com/resources/stress-that-kills/
https://www.selectleaders.com/resources/stress-that-kills/#respondWed, 25 Jul 2018 08:00:48 +0000https://www.selectleaders.com/?p=6039Stanford Graduate School of Business Professor, Jeffrey Pfeffer, in an interview in the Economist pointed out 55% of employees log into their emails after 11pm (in contrast to a French law that gives employees the right to ignore emails after their working day has ended) and 59% do so on holidays. The ubiquity of electronic communication has added to the pressure in the past 20 years and may also be a factor in decreased productivity. Think working from home would help? Mr. Pfeffer believes the growth of the gig economy may make matters worse. Freelance workers suffer higher levels of stress over their unreliable incomes and irregular hours. The new American business norms of 24/7 responses then copying everyone in an email chain, may instead show a lack of focus on the job at hand. Stress can push you to achieve higher levels only if it is balanced by stopping and destressing.
]]>https://www.selectleaders.com/resources/stress-that-kills/feed/0Kumbayahttps://www.selectleaders.com/resources/kumbaya/
https://www.selectleaders.com/resources/kumbaya/#respondTue, 24 Jul 2018 08:00:09 +0000https://www.selectleaders.com/?p=5926Team play and collaboration are buzz words that have been the standard by which most companies have built their organizational strategy. In that spirit, Microsoft has totally rebuilt its office product around a team structure creating a platform that enables global collaboration.

Alas the “Kumbaya” trend may have gone overboard.

The Wall Street Journal published an interesting article indicating that white-collar employees who in the past would have worked side-by-side with a few colleagues now spend 85% of their time collaborating with multiple teams of co-workers via meetings, email, conference calls or instant messaging—often across several time zones.

Taken to an extreme, collaboration causes stress, frustration and inefficiencies. The best solution for collaborative overload is to block out time on your calendar that is yours and yours alone for focused work and reflection.

]]>https://www.selectleaders.com/resources/kumbaya/feed/0Liquid Real Estatehttps://www.selectleaders.com/resources/liquid-real-estate/
https://www.selectleaders.com/resources/liquid-real-estate/#respondWed, 18 Jul 2018 08:00:03 +0000https://www.selectleaders.com/?p=5767Sam Zell, author of “Am I Being too Subtle,” summed up working in real estate. “It’s the thrill of new opportunity, the challenge of problem solving.” Interviewed by our Real Estate Job Network partner, NAREIT, he told “reit” magazine when it comes to politics (or judging any leader), “focus on what got done rather than on what is said.” The secret to employee retention? (Sam’s clock in at 20 years for senior managers, 10 years overall), “It’s opportunity and culture. We are always expanding and doing new things, so there is always room for our people to stretch and grow.” Corporate Culture? “We have a meritocracy and a saying, no surprises” (which encourages collaboration). Greatest achievement? Real Estate was not even an asset class when Zell started selling real estate to the pension funds. It is now a significant part of the investable universe. Sam championed the new Real Estate Sector in the Global Industry Classification Standard. “Our generation was required to educate the public on the relevance of liquid real estate.”
]]>https://www.selectleaders.com/resources/liquid-real-estate/feed/0CRE’s Emerging Drug Problemhttps://www.selectleaders.com/resources/cres-emerging-drug-problem/
https://www.selectleaders.com/resources/cres-emerging-drug-problem/#respondTue, 17 Jul 2018 08:00:34 +0000https://www.selectleaders.com/?p=5765You’ve probably heard rumblings about Amazon’s potential entrée into the prescription drug business for the better part of this past year. Yet the latest move by the e-commerce giant has turned that rumor into a reality.

Outbidding Walmart, Amazon just shelled out $1 billion for a startup that will provide it with “nationwide access” to the prescription drug business. The online retailer’s acquisition of PillPack now gives it the ability to ship pharmaceuticals overnight to patients in 49 states.

This will be the ultimate disruption for the drugstore business; indeed, shares of Walgreens, CVS and Rite Aid tumbled in the wake of the announcement.

It’s significant for the commercial real estate industry as well, and the impact comes down to simple logic.

The sector’s three major chains—Walgreens, Rite Aid and CVS—currently occupy 22,375 locations throughout the US. On the purely retail end, they were already feeling the pressure of the Amazon effect, shrinking their collective footprint by nearly 20% in response to declines in sales of non-drug-related goods.

Now that the e-commerce behemoth has encroached on their main line of business, it’s fair to expect even more erosion. At a minimum, Amazon will likely slice off 25% of all prescription sales. The subsequent impact to revenues will then lead to further reductions in both the size and number of stores that these chains, and others, will occupy.

That translates to a lot of mothballed space. It’s clear that the real estate industry will soon find itself with a major drug problem.

]]>https://www.selectleaders.com/resources/cres-emerging-drug-problem/feed/0Mixing Up the Melting Pothttps://www.selectleaders.com/resources/mixing-up-the-melting-pot/
https://www.selectleaders.com/resources/mixing-up-the-melting-pot/#respondWed, 11 Jul 2018 08:00:44 +0000https://www.selectleaders.com/?p=5763Underlying the dramatic changes on the national political front are seismic demographic shifts that will continue to impact not only the political scene, but also social and business issues.

One of the most interesting trends is that deaths now outnumber births among white people in 26 states, up from 17 states just two years ago.

Another effect of the demographic shifts is a decline last year in the population of Caucasian Americans. While white Americans are still the majority, at 197,870,516 people or 62.06% of the US population, the trends indicate a shift in the demographic makeup of the country’s population, resulting in a non-white majority.

These changes will have significant consequences on many social, political and business fronts. Savvy CEOs will start to pay attention to the new demographic landscape as the profile of their consumer base changes in the not-too-distant future.

It’s sort of like global warming. You can’t feel it every day and some deny it, but it’s happening, and the outcome will create massive changes in our planet within just the next 50 years. Likewise, demographic changes will change our business and social landscape in ways we cannot comprehend.

]]>https://www.selectleaders.com/resources/mixing-up-the-melting-pot/feed/0Think Smallhttps://www.selectleaders.com/resources/think-small/
https://www.selectleaders.com/resources/think-small/#respondWed, 11 Jul 2018 08:00:11 +0000https://www.selectleaders.com/?p=5635Looking for a high paying opportunity? Think small. Joe Galvin, chief research officer of Vistage, an association of small-business owners and executives told the NYT, “small business employers were increasing pay, sweetening benefits packages and trying to create an appealing work culture to retain workers as well as attract new ones — including candidates not previously looking.” Overall, both wage growth and inflation have been low relative to U.S. history. Economists at Goldman Sachs recently studied which factors drive wage trends and identified “low productivity growth” as the main culprit behind the recent world-wide weakness in wage numbers. Output, per-hour-worked, grew at an average yearly rate of only 1.2 percent from 2009 through 2015, while it grew at an average yearly rate of 2.1 percent from 1960 through 2009. Recently, labor costs have begun to grow faster than revenue for some companies. Could costly technology actually be slowing us down? Or is it the temptation of a little Amazon side-shopping?
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